Global commodity and currency markets are feeling the impact of inflation concerns and trade war fears, with oil prices declining and currencies showing mixed performance.
Benchmark US crude fell to 73.04abarrel,whileBrentcrudedeclinedto73.04abarrel,whileBrentcrudedeclinedto76.74 a barrel, reflecting concerns over global demand and potential trade disruptions. The announcement of US tariffs on foreign steel and aluminum imports has added to the uncertainty, with fears of a trade war weighing on investor sentiment.
In the currency markets, the US dollar edged up to 153.40 Japanese yen, while the euro and Indian rupee remained stable. Investors are closely watching the US consumer price index report for January, which could provide further insights into inflation trends.
As global markets navigate these challenges, the focus remains on how inflation and trade policies will shape the economic landscape in the coming months.
